Schedule of Consolidated Variable Interest Entities |
The net assets of the VIEs as of December 31, 2017 were as follows: | | | | | | | | December 31, 2017 | Net investment properties | | $ | 165,875 |
| Other assets | | 18,630 |
| Total assets | | 184,505 |
| Other liabilities | | 11,343 |
| Net assets | | $ | 173,162 |
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Schedule of Net Equity Investment and Share of Net Income or Loss |
| | | | | | | | | | | | | | | | | | | | Carrying Value of Investment as of | Entity | | Description | | Ownership % | | March 31, 2018 | | December 31, 2017 | IAGM Retail Fund I, LLC (a) | | Multi-tenant retail shopping centers | | 55% | | $ | 131,603 |
|
| $ | 123,693 |
| Downtown Railyard Venture, LLC | | Land development | | 90% | | 57,223 |
| | 57,183 |
| Other unconsolidated entities | | Various real estate investments | | Various | | (112 | ) |
| (112 | ) |
| |
| |
| | $ | 188,714 |
| | $ | 180,764 |
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| | (a) | As of March 31, 2018 and December 31, 2017, IAGM consisted of 14 retail properties with 3.0 million square feet and 15 retail properties with 3.2 million square feet, respectively. |
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Schedule of Combined Financial Information of Investment in Unconsolidated Entities |
The following tables present the combined condensed financial information for the Company's unconsolidated entities. | | | | | | | | | | As of | | March 31, 2018 | | December 31, 2017 | Assets: | | | | Real estate assets, net of accumulated depreciation | $ | 548,209 |
| | $ | 586,671 |
| Other assets | 94,851 |
| | 73,423 |
| Total assets | $ | 643,060 |
| | $ | 660,094 |
| Liabilities and equity: | | | | Debt, net | 311,623 |
| | 311,574 |
| Other liabilities | 41,474 |
| | 49,032 |
| Equity | 289,963 |
| | 299,488 |
| Total liabilities and equity | $ | 643,060 |
| | $ | 660,094 |
| | | | | Company's share of equity | $ | 188,524 |
| | $ | 193,572 |
| Cost of investments (underlying net book value) in excess of underlying net book value (cost of investments), net of accumulated amortization of $0 and $2,647, respectively. | 190 |
| | (12,808 | ) | Carrying value of investments in unconsolidated entities | $ | 188,714 |
| | $ | 180,764 |
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| | | | | | | | | | Three months ended March 31, | | 2018 | | 2017 | Revenues | $ | 15,689 |
| | $ | 16,820 |
| Expenses: | | | | Interest expense and loan cost amortization | 3,386 |
| | 3,251 |
| Depreciation and amortization | 5,655 |
| | 6,192 |
| Operating expenses, ground rent and general and administrative expenses | 6,356 |
| | 6,284 |
| Provision for asset impairment | 672 |
| | — |
| Total expenses | 16,069 |
| | 15,727 |
| Net (loss) income before loss on sale of real estate | (380 | ) | | 1,093 |
| Loss on sale of real estate | (3,905 | ) | | — |
| Net (loss) income | $ | (4,285 | ) | | $ | 1,093 |
| | | | | Company's share of net (loss) income, net of excess basis depreciation of $0 and $130, respectively | $ | (2,315 | ) | | $ | 572 |
| Distributions from unconsolidated entities in excess of the investments' carrying value | 274 |
| | — |
| Equity in (losses) earnings of unconsolidated entities | $ | (2,041 | ) | | $ | 572 |
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Contractual Obligation, Fiscal Year Maturity Schedule |
The following table shows the scheduled maturities as of March 31, 2018, for the remainder of 2018, each of the next four years, and thereafter. | | | | | | | | | | | | | | | | | | | | | | | | | Maturities during the year ending December 31, | | | | | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | Thereafter | | Total | Mortgages payable | $ | 204,028 |
| | 16,250 |
| | — |
| | 23,150 |
| | — |
| | 68,805 |
| | $ | 312,233 |
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